Nestled on a quiet waterfront cul-de-sac is a rare development opportunity with approvals in place to build a new modern two-story home with a water views from the second story and a wraparound deck to take in all the surrounding beauty. Alternatively there is a income producing cottage with low taxes that comes with mooring rights and is only 350 ft. to a launch for boats, kayaks and paddle boards. The property is adjacent to the vast 187-acre Elizabeth A. Morton Wildlife Refuge for complete privacy and serenity. Enjoy the sandy beaches with views of the surrounding nature preserve and amazing sunsets or take off by boat to visit Greenport or Shelter Island, the options are endless with this easy water access. It's equidistant from Southampton, Bridgehampton and Sag Harbor for exploring all that the Hamptons has to offer.